If the Real GDP Increases from One Year to the Next

question 32

Multiple Choice

If the Real GDP increases from one year to the next, we could conclude the country experienced:

• A) inflation and no change in output.
• B) an increase in output and no change in prices.
• C) a definite increase in output and may have experienced an increase in prices.
• D) definite inflation and may have experienced an increase in output.

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Definitions:

Informal Outlines

A loosely structured guide for organizing thoughts and arguments before writing, often bulleted or noted in brief phrases.

Cornell System

A systematic method of note-taking involving the division of a page into three sections: cues, notes, and summary, to organize and review notes efficiently.

Note Taking

A method of creating order and arranging thoughts and materials to help a person retain information.

Monotone Voice

A manner of speaking in which the pitch does not vary, often leading to a dull or unvaried delivery.